Application Deadline:

06/29/2025

Address:

250 Yonge Street

Job Family Group:

Procurement

The Global Third Party Risk Management (GTPRM) Team has a mandate to proactively identify, assess, monitor and mitigate risks associated with our third party suppliers and outsourcers through defined governance practices.  The team is a first line of defense (1LOD) function that drives the identification and management of supplier risks across the Enterprise through challenge to the 1LOD supplier managers across the Lines of Business (LOBs).

The GTPRM Team leads LOBs in the engagement and management of suppliers as well as in their identification and management of supplier risks. They leverage the enterprise operational risk management framework through the outsourcing and supplier risk management lifecycle framework which includes ongoing, independent (second line of defence) activities for monitoring and reporting on outsourcing and supplier risks at all stages of a supplier relationship throughout the enterprise. These outcomes drive shareholder value, continuous improvement to the customer experience, and risk mitigation. 

As an integral member of the GTPRM Risk Assessor Team (Assessor), the Assessor is accountable to review, effectively challenge, assess risk, provide independent oversight and monitoring of the Bank’s third party supplier engagements.   The Assessor establishes and maintains strategic business relationships, provides guidance and counsel to the LOB, influences the LOB to help it manage risks and decisions with respect to third party relationships.  Assess and identify risk, provide the LOB with guidance and expertise in third party risk management, ensure the LOB takes appropriate actions to mitigate risk exposure and ensure compliance with the TPRM Framework.  Critical and time sensitive assessments require this role to independently manage and lead complex projects.

Relationship Management

Build, cultivate, sustain, leverage and influence professional relationships with LOB (supplier managers, executives) to support their third party requirements, with other Bank risk SMEs, and with internal/external organizationsMaintain deep and comprehensive knowledge of business changes and strategies to identify third party risks and recommend appropriate action and controlsStrong interpersonal skills and ability to engage with multiple people, including analytical/meaningful/constructive/difficult conversations.Strong relationship management skills with the ability to impact and influence others, formulate ideas into action, drive results, and obtain consensus from multiple stakeholdersMake important decisions that positively impact the Bank, including having difficult discussions with all levels of Bank personnelWorks well in a collaborative environment, under minimal supervision, but is able to take direction/leadership when applicable

Risk Assessor (Grade 7)

Provides independent oversight and management of outsourced activity, effective third party risk management and governance practicesStrong understanding of TPRM Directive, ONFR guidelines, framework, standards, policies, and other relevant third-party policy requirementsIntermediate understanding of regulatory requirements (e.g., OSFI, OCC)Provides intermediate advisory services and guidance to the business using a risk-based approach to optimize third party performance and enable consistent and efficient management according to business criticality and assessed level of riskChallenges the business to ensure appropriate actions are underway to mitigate identified operational risk exposures commensurate with the Third Party LifecycleProvide expert guidance or opine on control requirements when required on complex/material outsourcing or third part arrangements within designated business portfolioIntermediate business analysis capabilities including understanding of data within SEMS and GRCEIdentify and lead change management activities and continuous improvement updates for infrastructure and processes in support of enterprise third party managementStrong attention to detailSupports lines of business in completion of SEMS programsResponsible to complete operational SEMS activities to support assessment processParticipates in continuous improvement reviews of other AssessorsProvides input on procedural updates or improvementsSupport and advise business partners, executives and Line of Business resources in preparing for internal and/or external audit &/or regulatory reviews through facilitation, planning, briefing, consolidation, review, interpretation, documenting and auditing of reports and material

Education, Knowledge and Experience

Bachelor’s degree in a related disciplineStrong understanding and proficiency in BMO’s tools and data managementAdvanced MS Office skills: Excel, Access, PowerPoint, Word, and ProjectBe a SME in the field of third party risk management disciplines, methodologies and techniques5-10 years of progressive financial, sourcing, risk, regulatory and third party management experienceProven track record of concurrently leading multiple complex and matrixed projects using internal and external resourcesPrevious experience interacting with Regulators in Canada & US is a plusBe a mentor to help train, coach, lead and motivate othersFill-in for the Senior Manager, as needed

Location and Hours

Role operates within normal conditions; work outside of normal office hours may be required.Stress level is moderate to high.Location:  Toronto, OntarioFlexibility:  Hybrid role that must be in office at least 2 days a week; work remotely other days of the week.  Employee must be able to accommodate the Bank’s in-office requirement, as it may change from time-to-time.Personal/home Internet access is required and is responsibility of the employee

Salary:

$68,000.00 - $126,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.